4 ms·
To my knowledge, even in existing legal systems financial laws are given much more leeway than other areas of the law. This is generally due to the well-founded
by Laukhi 8y ago
To my knowledge, even in existing legal systems financial laws are given much more leeway than other areas of the law. This is generally due to the well-founded belief that people working in the financial industry are going to find loopholes, and therefore many tax laws are non-specific. Compare to how some internet forums have rules along the lines of "don't be a jerk".
I am under the impression that Canada, for instance, has a law that basically says "if you do something just for the tax benefit we reserve the right to call you out".